16 Oct


The USDJPY managed to break above the descending trend line that has capped recent price action on Tuesday.  The pair is now consolidating near the monthly high at 78.85.  A hold above this level favors a rotation higher towards 79.65.  A break lower finds support almost instantly at past TL resistance at 78.60.

Keane Plan…Watching price action at the 78.85 level a Hold favors a push higher.

Sup   78.60            78.85

Res  79.65


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